Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem.

The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp. III in October 2023.

Perception Capital Corp. III was incorporated in 2021 and is based in Minneapolis, Minnesota.